News

The FTSE has extended yesterday's gains, adding 0.2% in early trading, as strong corporate earnings and upbeat economic data continue to power the index.

Laxey Partners has rebuffed Alliance Trust's claim its TER is one of the lowest in its peer group, stating research shows it has almost doubled since the merger with Second Alliance Trust in 2006.

The FSA is investigating Prudential and its investment bank advisers Credit Suisse, JPMorgan and HSBC over the insurer's $35bn aborted bid for AIA, according to reports.

BP has lauched a $40bn (£24bn) lawsuit against Transocean, the owner of the Deepwater Horizon rig that exploded in the Gulf of Mexico last year.

PIMCO has put forward a SEC filing for the launch of an exchange traded version of Bill Gross' Total Return fund, the world's largest bond fund, CNBC has reported.

Spain's €3.4bn sale of long-term debt has dampened fears the eurozone country could be next in line to need a bailout.

Thames River has confirmed it is to launch a global emerging markets absolute return fund for Kristof Bulkai and Hugo Rogers on 1 June.

The price of gold has hit a new high following Standard & Poor's move to downgrade its outlook for the US.

The FTSE opened sharply higher in early trading on Wednesday following positive corporate earnings updates in the US and advancing metal prices.

Malika Gulabani has replaced Paul Grice as lead manager on the £504m F&C Global Bond fund following his departure from the group.